Agellan Commercial REIT announces initial distribution

TORONTO, Feb. 15, 2013 /CNW/ - Agellan Commercial Real Estate Investment Trust ("Agellan REIT") (TSX: ACR.UN) announced today that it has declared its initial cash distribution of $0.07916 per unit for the 35 day period ending February 28, 2013, representing $0.775 per unit on an annualized basis. The initial distribution will be payable on March 15, 2013 to unitholders of record as at February 28, 2013.

As at the date hereof, there is an aggregate of 19,089,206 units issued and outstanding.

Distributions paid to unitholders who are non-residents of Canada will be subject to applicable Canadian withholding tax.

About Agellan REIT:

Agellan Commercial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. Agellan REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.

Agellan REIT's current portfolio aggregates approximately 4.2 million square feet of gross leasable area in 23 properties. The properties are located in Texas (fifteen properties), Ontario (3 properties) and one property in each of Quebec, Illinois, Indiana, Maryland and Ohio.

SOURCE: Agellan Commercial Real Estate Investment Trust

Derek Dermott, President
Agellan Commercial Real Estate Investment Trust
Tel: [phone] x269
Fax: [phone]

Frank Camenzuli, CEO
Agellan Commercial Real Estate Investment Trust
Tel: [phone] x226
Fax: [phone]